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SPY trade ideas

$SPY January 5, 2025AMEX:SPY January 5, 2025 My first post for the year 2025. 60 Minutes. Downtrend intact. For the fall 602.47 to 580.50 50% retracement done as there a divergence for the 2 lows 580.91 and 580.50. So, for the rise 580.0 to 592.6 on Monday holding 587.5-589 levels we can expect 595 as initial target. for the steep fall from 607 to 580 i would like some more consolidation. Technically buy will be triggered only above 610 on closing basis in daily. No trade for me on Monday. Not a good setup.
AMEX:SPY
by RiderTrader
SPY Chart: Buy the DipsSummary The S&P 500 (SPY) is still in a bullish trend. This chart focuses on buying dips instead of selling. Key buy zone is marked in the green box. Key Points Buy in the Green Box: This area is where SPY is expected to bounce back. Targets are $602.30 and $624.29. Support and Stop-Loss: Stop-Loss: $560.66 – If SPY falls below this, the bullish trend may be invalid. Support Zone: Between $563 and $573, as highlighted by Fibonacci levels. Invalidation Level: If SPY breaks below the red line at $510.50, we’re no longer in a bullish cycle. Upside Potential: As long as SPY stays above the green zone, it can move toward higher targets. Simple Plan 1. Wait for SPY to drop into the green box before buying. 2. Avoid selling SPY; it’s better to focus on buying dips in this setup. 3. If SPY goes above the (X) wave, the bearish scenario is invalid. Key Message This chart is about staying patient and waiting for the right time to buy. The green box is your chance to get in before the next rally. Let me know your thoughts in the comments below! 🚀
AMEX:SPYLong
by MrStockWhale
$SPY Land of #RisingWedge's (Was this the bottom?! Orrrr...)Was yesterday the bottom? Is today continuation? Seem's like people thought this just a few days ago after 3 big days only to lead to another leg down... hmmm Wedges are my favorite setup. Ofc @TradingView software probably spotted 0 of these because...? lol Notice; Gap (Eyes) up both days than slight lean (circles) of towards close... #FEW #Warning for #BottomCallers , I see more downside. Also for anyone RED out there. I'm RED today despite that NASDAQ:TSLA chart and NASDAQ:NVDA chart LOL. We're all human and make mistakes, we don't all learn from them. -Prophecies
AMEX:SPYShort
by Prophecies_R_Us
13
SPY/QQQ Plan Your Trade: Learning A or B Trading StylesYesterday, after the GDP Now data hit, I received a number of messages related to my SPY Cycle Patterns and how they work in comparison to big news data (like GDP, JOBS, PMI, & Others). Let me try to explain one simple thing to all of you. The SPY Cycle Patterns are based on GANN/Fibonacci Time/Price cycles. They DO NOT correlate or predict price movement based on NEWS EVENTS or other extraneous data. The SPY Cycle Patterns are, in essence, the core price expectations related to time/price cycles WITHOUT EXTERNAL NEWS EVENTS. They represent what price is likely to do without any big news, economic data, or critical major event taking place to disrupt the Cycle Pattern. So, it is important for traders to understand what I call the "A or B" type of trade setup. Price is always attempting to reach new highs or new lows - ALWAYS. Failure to reach new highs means price must roll downward and attempt to reach new lows. Failure to reach new lows means price must roll upward and attempt to reach new highs. It is that simple. Price is always attempting to break above previous critical highs or lows - ALWAYS. Thus, once you understand this as a basis of price structure/movement, then you can begin to apply more advanced patterns (Fibonacci Price Theory, Excess Phase Peak Pattern, Others) as an additional layer to price structure in an attempt to understand how price dictates all trending/movement. Now, one must also understand when price attempts to break levels (high or low), it can REJECT at those level (after breaking to new highs or lows). This is what I call a "Washout" pattern. Rejection happens when a new low or high is reached, but the price FAILS to continue to trend in that direction. For example, if price were to reach a new higher high, then reject, this would be an example that strong resistance exists at/near the previous high level - causing price to FAIL to maintain that new high price level. Thus, I would expect price to move downward after REJECTING at the new high levels (see above). The reason I'm trying to teach you these price concepts is because I want you to learn to make better decisions - not learn to just "follow along". You have to learn to understand price and understand how price moves related to opportunities. That is what trading is all about - anticipating price moves because of what you are able to discover on a price chart. Get some. Happy Friday. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
2
SPY 1-Hour Technical Analysis and GEX Insights-Jan. 3Technical Analysis (1-Hour Chart) * Trend and Price Action: * SPY is trading in a clear downtrend, respecting a descending trendline, with lower highs and lower lows observed. * Current price action shows a slight bounce off the $577.74 support level, but the structure remains bearish. * Volume: Selling pressure has been dominant, with moderate volume on the bounce, indicating cautious buying. * Indicators: * MACD: Showing early signs of a potential bullish crossover, signaling a short-term recovery attempt. * Stochastic RSI: Oscillating from oversold levels, hinting at a possible relief rally or consolidation. * Key Levels: * Support Levels: * $577.74: Immediate support; a breakdown could lead to further declines toward $572.00. * $572.00: A significant support zone aligned with historical price action. * Resistance Levels: * $585.87: Immediate resistance near the descending trendline. * $588.00: Strong resistance level with GEX-related CALL activity. * $592.30: Additional resistance if the price breaks out above $588. GEX Insights for SPY * Gamma Exposure (GEX): * Positive GEX Zones: * $588.00: Key CALL wall and a significant resistance zone, indicating strong seller interest. * $590.00: Secondary resistance with additional CALL interest and moderate gamma exposure. * Negative GEX Zones: * $577.00-$572.00: Heavy PUT concentration and highest negative gamma levels, providing strong support but signaling potential volatility below these levels. * Options Metrics: * IVR (Implied Volatility Rank): 21.9%, suggesting relatively low volatility compared to historical levels. * Options Flow: * CALLs: Modest activity concentrated near $588-$590. * PUTs: Dominant below $580, reflecting heightened downside hedging by market participants. Trade Scenarios: Bullish Scenario: * Entry: Above $586.00 with confirmation of bullish momentum. * Target: $588.00 (initial), $590.00 (extended). * Stop-Loss: Below $584.00 to limit downside risk. Bearish Scenario: * Entry: Below $577.00 with strong selling volume. * Target: $572.00 (initial), $570.00 (extended). * Stop-Loss: Above $580.00 to cap losses. Conclusion SPY is at a critical juncture, with $577 acting as key support. A break above $586 could trigger a short-term rally, while a breakdown below $577 might lead to increased selling pressure. GEX data aligns well with these levels, providing clear zones for traders to watch. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and manage risk responsibly.
AMEX:SPY
by BullBearInsights
SPY Key Support Zone and Trendline AnalysisThe chart represents SPY (S&P 500 ETF) price action on the 1-hour timeframe, highlighting critical support and trendline levels: Descending Trendline: A downward sloping trendline (blue) illustrates the persistent bearish momentum. Price tested and respected this trendline multiple times, confirming it as a resistance level. Key Support Zone: A rectangular orange zone marks a significant support level where buyers previously stepped in. Price is approaching this area, indicating a potential bounce or breakdown. Volume Analysis: Increasing volume towards the support zone suggests heightened activity, likely due to a tug-of-war between buyers and sellers. Market Outlook: A bounce off the support zone could trigger a short-term recovery, targeting the trendline as resistance. A breakdown below the support zone would signal further bearish momentum, with potential downside continuation. Trading Tip: Monitor price action near the support zone and volume for confirmation of a bounce or breakdown before taking any positions.
AMEX:SPYLong
by MTrade_MomentumTrader
1
SPY Triple Bottom, Rally time?!AMEX:SPY SP:SPX I'd really like us to end the week above $580 in order to have this either Double or Triple bottom friends! I could see a flash crash down to fill the price GAP at $574.81 as well. Either way from what I'm seeing on the TVC:VIX , Economic numbers, and the charts I believe we are getting close to a bottom friends. Consolidate down to only the best names until we receive that confirmation. They did a fake out today and another FED putting FUD into the market didn't help with the GDP projection. Not financial advice.
AMEX:SPYLong
by RonnieV29
31
SPY to $650 in January?SPY recently retraced to the bottom of our Magic Linear Regression Channel with a large 3%+ move. Today, there was a nice bounce bounce from the channel bottom, back up to yesterday's open. So, what's next for SPY. The Magic Linear Regression Channel shows upside potential to it's baseline back at its recent all-time highs, and the potential for a higher move to the $630-$650 range. However, there is also the potential for it to fall back through the channel. Since we've been in a bull market for awhile now, that channel break would have to happen more definitively in order for that to be a likely scenario. We've recently introduced the Magic Candles PRO indicator, which shows high volume candles that have very little price movement. When paired with the Magic Linear Regression Channel on a 1 day chart, it tends to show reversals at key levels on the Magic Linear Regression Channel. However, because we had a large move down on Weds, Dec. 17th 2024, and a large move up on Friday, Dec. 20th 2024 and ended up at the open of Thurs., Dec. 18th 2024, we get a doji on the 2 day chart that shows a massive "volume hammer" signal not seen since 2019, 5 years ago. This signals that we are on the verge of a large sustained move. Again, because we've been in a bull market, and there aren't any very strong signs that it is over, we suspect that the large sustained move will be to the upside, because of the signal. If the price breaks down out of the channel, then we'll be in for a nice downward ride. Until that happens, though, we're bullish as we approach the all-time high again, and all the way to the $630-$650 range.
AMEX:SPYLong
by mwrightinc
3
S&P 500 (SPY) - Buy Alert; Buy in the Green Box💡 Setup Overview: We're eyeing a bullish opportunity for SPY. The suggested buy zone lies within the green box area on the chart. This aligns with the 1.382 and 1.618 Fibonacci levels, providing a strong probability for price action reversal. 🔍 Key Levels to Watch: Entry Zone: $563 - $573 Stop-Loss: $556.50 Targets: First Target: $602.30 Second Target: $624.29 📊 Strategy: The plan focuses on buying dips, with no intention to short the S&P 500. This setup leverages Elliott Wave analysis and Fibonacci extensions for precision trading. Keep an eye out for validation at the support zone before entry. 🕒 Expected Timeline: Medium-term hold.
AMEX:SPYLong
by MrStockWhale
SPY Technical Analysis for Jan. 2, 20251-Hour Chart Trading Analysis: Current Observations: * Trend: SPY is trading within a descending wedge pattern, suggesting a potential breakout soon. * Volume: Slight increase on the recent candles, indicating growing interest. * Indicators: * MACD: Starting to show signs of bullish divergence, with the histogram nearing the zero line. * Stochastic RSI: Moving upward from oversold territory, which is a positive signal for potential buying. Trading Strategy: * Bullish Scenario: * Entry: Wait for a breakout above $588.60 with strong bullish momentum and increased volume. * Stop Loss: Set below $577.24, the recent swing low. * Target: First target at $595, with an extended target of $600. * Bearish Scenario: * Entry: If the price breaks below $577 with strong volume, enter a short position. * Stop Loss: Place above $588. * Target: First target at $570, with an extended target of $560. Daily Chart GEX Analysis: Key Levels from GEX: * HVL: $584.41 acts as a strong Gamma Wall, suggesting a potential reversal area. * Call Resistance: Significant resistance at $595 and $600 levels. * Put Support: Strong support at $577 and $560. Options Strategy: * Bullish Play: * Call Option: Buy calls with a strike at $590, expiring in 2 weeks, targeting $600. * Suggested Position Size: Moderate, as IV is relatively low. * Bearish Play: * Put Option: Buy puts with a strike at $575, targeting $565. * Suggested Position Size: Moderate, as IV is stable. Summary and Recommendations: * Trading: Monitor for a breakout above or below the wedge. Ensure confirmation via volume and indicators. * Options: Align with the trading direction, and choose strikes close to GEX levels for maximum leverage. * Caution: The GEX data suggests strong resistance at $595-$600 and solid support at $577-$560, making those levels critical decision points. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and manage risk effectively before making any trades.
AMEX:SPY
by BullBearInsights
4
S&P 500 ETF Trust (SPY): Correction will occur in 2025📊 Chart Overview: This analysis highlights the SPDR S&P 500 ETF Trust (SPY) from an Elliott Wave perspective. It identifies key trends, corrective patterns, and long-term opportunities for investors. The broader market remains structurally bullish, with corrective dips likely providing accumulation opportunities. Elliott Wave Breakdown Wave Count: - The SPY is in a long-term bullish sequence, completing Wave (I) around $610.85. - The recent structure shows signs of a developing Wave II correction before the next impulsive move higher. Wave II Correction: - Wave II is expected to form an ABC corrective pattern, targeting deeper retracements within 2025. - Wave A is projected to pull back into the $520–$540 range. - Wave C could test lower supports near $480–$500, completing the corrective phase. Invalidation Level: - The invalidation level for the bullish count is $347.26. Any movement below this level negates the current wave structure. Market Outlook Macro Environment: - Economic conditions, including interest rates and inflation trends, will heavily influence SPY's price action. - Anticipate increased market volatility during Wave II but retain a bullish outlook for the long term. Sector Implications: - SPY's diversified exposure suggests broad market recovery after corrective dips, particularly in tech and industrials. Key Takeaways - SPY remains in a right-side bullish structure, with short-term corrections likely providing excellent entry points. - Long-term investors should focus on accumulating positions during corrective phases, while swing traders can capitalize on price volatility. 💡 Reminder: Corrections are natural and necessary for healthy market growth. Stick to your plan and "buy the dips." 🚀
AMEX:SPYLong
by MrStockWhale
Higher For Longer "The Trump Trade" This TradingView chart illustrates a bullish long-term projection for SPY, forecasting a sustained rally over the next four years driven by market optimism surrounding Donald Trump’s economic policies. Key technical indicators signal a robust uptrend, with historical parallels drawn from previous pro-business administrations. The chart highlights critical support zones and breakout levels, suggesting minimal downside risk as institutional buying accelerates. Macro factors such as tax cuts, deregulation, and infrastructure spending are projected to fuel corporate earnings, pushing SPY to new all-time highs. The chart outlines a trajectory that aligns with cyclical bull market phases, emphasizing "higher for longer" price action as volatility stabilizes.
AMEX:SPYLong
by hoodchef